16m I go take am buy 5 phd for naija here

It's a crime to pay for your PhD.

Trello:
Hello everyone - I'm not quite sure whether this is the right section to post this.

Anyways, I currently hold a Master's degree and I also recently gained admission into a PhD program in a UK university but with no funding from the school and the estimated total cost of the tuition and living expenses amount to about #16 million for the 3 years.

So, I decided to come seek the opinion of folks here with better experience if it really worth spending this amount in the long run or should I rather invest this amount?

Thank you in advance!

The question you should answer is why do you want a PhD? To become a researcher, to teach, to become an authority in your field or to get more certificates so you can get a good job?

Is not worth it at all

We can't make a judgement based on half information. You didn't tell us your family background and your future plans. Maybe you are from a rich home that can easily pay 16m and come back to be a director of a top company in Nigeria. If you are from a poor or middle-class family and your plan is to stay-put after your program, you are better of going to Canada/USA/Australia.

Your permanent is sure in Canada after PhD. Canada is 100% guaranteed.

Your permanent resident is sure in the US if you can write and publish at least 5 research papers during ur PhD program, that will classify u as an exceptional student. That US PR category is EB1A or EB2-NIW. Another alternative is that you can get a job after ur program, get H1B and later get PR. If you know ur onions and go to schools likely to give funding, you may not even pay tuition for more than a year in an American University before they consider you for funding.

Your PR is sure too in Australia.

People are not finding it easy to stay over in the UK after their advanced degrees cos there are lot of conditions attached.

Consider this in your calculations.

I believe you can work at least 20 hours a week in the UK while you are studying, with that you can earn up to £600 per month at the minimum and you can do better if you have useful skills. Let's put that at £6000 per year which works out at N3 million multiply that by 3 years (9 million naira). Means you only need to fund your education and living by 7 million naira.

There are many scholarships for Nigerian/African students and you should look out for that. I suggest you take your your current offer but actively seek scholarships from your second year. There are many opportunities out there, find it.

If you can get a job that pays N700k per month in Nigeria and triple outside of Nigeria, why bother about the cost.

Go ahead brother, just make sure you are doing the right course and are not in it for the fancy tittle.

Good luck.

Trello:
Hello everyone - I'm not quite sure whether this is the right section to post this.

Anyways, I currently hold a Master's degree and I also recently gained admission into a PhD program in a UK university but with no funding from the school and the estimated total cost of the tuition and living expenses amount to about #16 million for the 3 years.

So, I decided to come seek the opinion of folks here with better experience if it really worth spending this amount in the long run or should I rather invest this amount?

Thank you in advance!

I will be glad that you are studying economic growth and development in the institution of your choice because that is what the world needs right now.

Trello:
Hello everyone - I'm not quite sure whether this is the right section to post this.

Anyways, I currently hold a Master's degree and I also recently gained admission into a PhD program in a UK university but with no funding from the school and the estimated total cost of the tuition and living expenses amount to about #16 million for the 3 years.

So, I decided to come seek the opinion of folks here with better experience if it really worth spending this amount in the long run or should I rather invest this amount?

Thank you in advance!

To me, it doesn't make any sense. I would advise investing this amount.

Pls just come and give that money let me make genuine use of it

Give that 16m to my grandmother and give her three years she will come back and buy half of Nigeria and named it masterdegree

I rather go a top tier school in russia or south Africa for my PhD. And spend a fraction of the money

I don't really know ur plans for life and the kind of pedigree you want to attain but if I were you, I will either do any of these; use part of the money to invest in a lucrative business and then continue the programme in ur choice country, as the estimated money may not fund the programme presently or just stay down here and do the programme online. Education is very good, but I advise my fellow citizens of Nigeria to invest heavily before venturing into further studies.

kikero:


A PhD is always worth it., especially in Nigeria where lecturers with PhD aren't very common.

especially in Nigeria where lecturers with PhD aren't very common.


Abeg where in Nigeria you dey?..Ph.D many for South western Nigeria ó.. My department then has over 13 Ph.D alone.. 5 professors

Trello:
Hello everyone - I'm not quite sure whether this is the right section to post this.

Anyways, I currently hold a Master's degree and I also recently gained admission into a PhD program in a UK university but with no funding from the school and the estimated total cost of the tuition and living expenses amount to about #16 million for the 3 years.

So, I decided to come seek the opinion of folks here with better experience if it really worth spending this amount in the long run or should I rather invest this amount?

Thank you in advance!

You posted all this with no idea on your field of study so we can conduct a survey on its viability.

Ogbeni what field is it you are embarking on foreign visits for?

BluntTheApostle:


To me, it doesn't make any sense. I would advise investing this amount.

Invest indeed

Invest in WHAT?

There are university lecturers that will never see 10Million Naira at once their entire lives. It is not worth it. I will spend one million naira and do it for 5years in Nigeria. If it is about exposure, I will use 2 million naira and travel to any country of my choice and flex for two weeks. I will be left with 13Million naira to build a house, start a small business, buy a car and marry a working class lady

Trello:
Hello everyone - I'm not quite sure whether this is the right section to post this.

Anyways, I currently hold a Master's degree and I also recently gained admission into a PhD program in a UK university but with no funding from the school and the estimated total cost of the tuition and living expenses amount to about #16 million for the 3 years.

So, I decided to come seek the opinion of folks here with better experience if it really worth spending this amount in the long run or should I rather invest this amount?

Thank you in advance!

CoronaVirusPro:
16 what!


I die there!

Rather come to Nigeria and buy 4 PhD from Unilag, UI, OAU and FUTA

Highest I pay 4 million Naira each

16m for wetin. Na me kill Jesus

Not so anymore

Trello:
Hello everyone - I'm not quite sure whether this is the right section to post this.

Anyways, I currently hold a Master's degree and I also recently gained admission into a PhD program in a UK university but with no funding from the school and the estimated total cost of the tuition and living expenses amount to about #16 million for the 3 years.

So, I decided to come seek the opinion of folks here with better experience if it really worth spending this amount in the long run or should I rather invest this amount?

Thank you in advance!

Question
Master i n what
Phd in waht?
What is ur Job role at present?
If You answer these three basic question a sure advice would be given here!

It's better to go on with the PhD, On the long run you will be glad you did providing your course of study is a competitive one.
Also have in mind that the UK gives employment permit to only people with high skills giving you a better standing and privilege since PhD is on level 10.
I have a Masters degree in Computer science here in the UK, But only got a job after I did some professional courses on CCNA, CCNP and Cyber security before I was able to land a good job!
You would not want to return to Nigeria after spending so much, Even a kitchen porter here earns approximately 800k per month which is more than what an average professors earns in Nigeria.
Also your expenses can be subsidised with some little jobs from the Agency Jobs as your student visa allows you to work part time during your study time and full time on holidays.
In Summary take up the opportunity! A person with 100euros in Europe is better insured than a person with 100million in Nigeria.

I spoke with someone in the US with a PhD a week ago. He informed me that if he knew what he know now, he would have not gone for his PhD.

I asked him why? He said now and days those with Bsc with professional certificate in their chosen career are in more demand then those with PhD without these professional certificate.

He advise one should pursue professional certificate courses instead of PhD.

this question shows u will regret it if u go ahead into the phd

charidot:
There are university lecturers that will never see 10Million Naira at once their entire lives. It is not worth it. I will spend one million naira and do it for 5years in Nigeria. If it is about exposure, I will use 2 million naira and travel to any country of my choice and flex for two weeks.

No disrespect, PhD involves loads of research, something the 9ja schools are not ye at grip with!

why not use it open a business, address a need in society and get paid for it.

who knows you could still get a honorary PhD for it like dangote.

don't be like the people who have 5 PhDs but are working as security guards and waiters .

Chai! With 16 million naira, you can start a school . Thank me later!! Some of us are looking for 500k to expand our school, we no see. Na wa o! Some people have mind o!

govomotors:
I spoke with someone in the US with a PhD a week ago. He informed me that if he knew what he know now, he would have not gone for his PhD.

I asked him why? He said now and days those with Bsc with professional certificate in their chosen career are in more demand then those with PhD without these professional certificate.

He advise one should pursue professional certificate courses instead of PhD.

he is right, this was why I asked OP what he was doing now.if you go into it with the mind-set of earning higher, you are on your own but if it is to better yourself and gain ground a put up stuff that can be looked up to then you are good to go!

aikyg:
If you want to change the world, Yes it's worth it.
If want it for the title, No it's not worth it.

This is your answer OP

babyfaceafrica:


especially in Nigeria where lecturers with PhD aren't very common.


Abeg where in Nigeria you dey?..Ph.D many for South western Nigeria ó.. My department then has over 13 Ph.D alone.. 5 professors

Upthread, I posted a Vanguard article from 2016 about the problem of there being not enough lecturers. I'll post the relevant bit again...

He said that 70,000 lecturers were needed at that time to serve the universities. “From available records, the system had 37,504 academics during the 2012 NEEDS assessment of universities sponsored by the federal government. “This is grossly inadequate as the system is in need of 100,000 personnel for academic workforce. “Out of the 37,504 lecturers in the system as at 2012, only 40 per cent of them had PhDs. “Today, we have more universities and this means that to actualise the mandate given to them (universities) and remain relevant, the system will need not less than 100,000 lecturers,’’ he said. According to him, the development is worrisome and calls for concern as it is a major threat to government’s quest for national transformation and development.

The person speaking is an ASUU official by the way.

In the older universities, that isn't much of an issue. It's the younger government universities and the private universities where the problem is.

You're lucky. Many universities in Nigeria aren't that fortunate.

Honestly i could start a profitable and lasting business that will sustain me for years even after retirement age with proper insight and planning.

Yes sir. WORTH it. However, 16m not enough for Intl students. For example
Tuition fees min £12,000 depending on course=£12,000*475= 5,700,000. * 3= 17,100,000.
Housing min £250*475 *12months=1425,000*3=4,275,000.
Feeding=
Transportation, conferences, books etc
I hope this realistic approach analysis can help.

Halo22:
I don't really know ur plans for life and the kind of pedigree you want to attain but if I were you, I will either do any of these; use part of the money to invest in a lucrative business and then continue the programme in ur choice country, as the estimated money may not fund the programme presently or just stay down here and do the programme online. Education is very good, but I advise my fellow citizens of Nigeria to invest heavily before venturing into further studies.

This is one of the major problems in Nigeria, everybody wants to be a Businessman and think they can do Business, The business people in Nigeria are living in a false Economy cos once a while they suffer the negligence of others.If all business where to be regulated as per the initial basis of doing business, the vast majority of them will shut down!

pmoye:
As someone with a London Master degree from one of the leading university in the World and a PhD from Germany, I can tell you upfront that it ain't worth it. There, I said it. I consider the tuition and accompanying expenses for PhD degrees in the UK highly exploitative and no one should ever have to pay for a PhD degree.

You would ask me why. PhD training isn't about you get a degree but is about you contributing effort, time and lota lota pain to solving a human problem. PhD training is more an employment that it is schooling. The more reason I so much respect countries that pay PhD candidates monthly salaries/stipendum. My PhD in Germany I was receiving a monthly salary of about 1,700 euro after all taxes and deductions.

Getting a position like this in Germany, The Netherlands, etc is very competitive but you should insist on being fairly paid for your effort during your PhD training. No matter how long it takes for you to get such a position, well except you are not good enough for the openings (no pun intended here, just stating the obvious).

Plus, no matter how much you spend on getting an overpriced PhD, employment after the degree is never guaranteed.

UK exploits people in this regards, don't waste your money on a UK degree which is arguably not as good as what you get from countries like Germany.

Hello, please can you guide me to how you were able to get funding for PHD around 1,700 Euros per month after taxes? That's a lot of money even in Germany especially if you are not in the main cities like Munich. Maybe a link I can read up or something?

Bikonu abeg.

If you have the money go if not channel your energy elsewhere